NWCCU BUSINESS SERVICES
Northwest Community Credit Union is committed to our communities that we serve. We developed our Business Loan program based on the feedback from our members. We offer a variety of business loans to meet your expanding business needs. Getting a loan for your business may seem overwhelming, but we're here to make it as simple as possible. We partnered with a strong team of business lending professionals to walk you through the paperwork process and simplify your lending experience. Contact Us to learn more.
Commercial Real Estate Loans
We offer very competitive financing for commercial real estate, including the purchase of existing buildings or refinancing current loans. These loans use the property as the required collateral, and often are used for:
- Commercial properties, both owner and non-owner occupied
- Rental housing
- Apartment complexes
- Combination business/residential properties
Recognizing that your real estate transaction may be unique, NWCCU offers an innovative and flexible program to fit your needs. Commercial real estate loans are amortized over a set period of time, with payments and interest rates fixed over a 3-5 year term.
Term loans are used to finance the acquisition or modernization of the company's productive assets. Term loans are commonly used for:
- Purchases of machinery, equipment, furniture, fixtures, and to make leasehold improvements
- Additions to long-term working capital
- Expansion or modernization of facilities
- Vehicles or other business transportation
The source of repayment is often generated by the enhanced cash flow from these assets. The loan period is determined by the productive life of the assets. For example, loans used to buy computers and office equipment will be shorter in duration than those used to purchase manufacturing equipment.
Get your Business Loan started by completing the following:
Upon completion please return to the credit union through our secured system under "Tools and Resources". Please indicate Business loans Department.
Rates: Please call 847-647-1030
Coming in 2016:
Small Business Loans (SBA)
Unsecured Business Loans
Business Deposit Accounts